Global Quantitative Strategies Summer Associate - 2027 - Hong Kong

What we’re looking for:

• Penultimate year Master’s and PhD student with outstanding academic achievement seeking a summer internship with the opportunity for 2028 full-time conversion
• Background in Mathematics, Engineering, Physics or Computer Science required
• Strong programming skills required (preferably in an Object-oriented language such as Python, Java, C#, C++)
• Exposure to AI and machine learning techniques
• Database skills and exposure to KDB/q advantageous
• A commercial mindset and an interest in financial markets and quantitative finance
• Strong quantitative and analytical skills
• Strong verbal and written communication skills
• Creative thinking and problem-solving skills
• The ability to work well independently and in teams
• Fluency in English is required; proficiency in an additional Asian language is highly advantageous.

Why Us?

The Quantitative Strategies Group (QSG) is responsible for the models and analytics used in the Sales and Trading divisions within Global Markets. The group designs, builds and maintains industrial strength tools for analyzing, pricing and risk managing financial products across all asset classes traded by Bank of America. The group works closely with trading, structuring, risk management and technology to provide analytics which can quickly and accurately quantify the firm’s risks. This involves developing models and algorithms able to accurately calculate the value and risk of the financial products we offer our clients.

What you’ll do:

• Build quantitative models for pricing and risk management
• Work closely with technology to implement and maintain models and algorithms
• Apply new technologies to solve business problems more efficiently
• Work closely with trading, sales and technology to optimize client experience, trading revenues, and trading volumes
• Drive new initiatives and products in the electronic trading space.

Placement within QSG is determined after the hiring process depending on the business needs and the interests/skills of candidate. The various teams within Equity and FICC QSG include:

• Flow Derivatives Strats
• Exotic Derivatives Strats
• Electronic & Algorithmic Trading Strats
• Index Financing Strats
• Delta One Strats
• Rates Strats
• eFX Strats

Possible Responsibilities (vary with placement):

• Development of new products/models
• Risk/PL analysis
• Development of quantitative tools
• Investigation of hedging strategies and hedging cost
• Electronic trading analysis (e.g. portfolio optimization, market microstructure, transaction costs)

Program Overview

The Summer Program is a 10-week program designed to provide Summer Associates with a unique opportunity to gain an exposure to life at Bank of America and also make significant contributions to the team. The Summer Program begins with an orientation and induction to the firm. Summer Associates are given a true associate experience, as assignments mirror full-time responsibility and include goal-setting and a formal review process.

• Access to the bank’s learning hub containing a variety of learning resources, ranging from banking fundamentals to communication skills
• Structured and on-the-job training
• Networking and social opportunities
• Speaker series with senior management across all lines of business
• Corporate Social Responsibility project/learning
• Involvement in Opportunity and Inclusion training/events
• Consideration for full-time employment upon graduation

About Us

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being an inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Connecting Asia Pacific to the World

Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.